Market Momentum: Gen Digital Inc (GEN) Registers a 0.85 Increase, Closing at 23.76

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Gen Digital Inc (NASDAQ: GEN) closed the day trading at $23.76 up 0.85% from the previous closing price of $23.56. In other words, the price has increased by $0.85 from its previous closing price. On the day, 4.21 million shares were traded. GEN stock price reached its highest trading level at $23.825 during the session, while it also had its lowest trading level at $23.35.

Ratios:

For a better understanding of GEN, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.59 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.28. For the most recent quarter (mrq), Quick Ratio is recorded 0.51 and its Current Ratio is at 0.51. In the meantime, Its Debt-to-Equity ratio is 3.94 whereas as Long-Term Debt/Eq ratio is at 3.85.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on June 07, 2024, Downgraded its rating to Equal-Weight and sets its target price to $27 from $28 previously.

On April 11, 2024, Barclays Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $28 to $25.

Morgan Stanley Upgraded its Equal-Weight to Overweight on November 21, 2023, whereas the target price for the stock was revised from $23 to $26.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 15 ’24 when Feld Peter A sold 342,300 shares for $24.89 per share. The transaction valued at 8,519,436 led to the insider holds 0 shares of the business.

Feld Peter A sold 750,000 shares of GEN for $18,326,925 on May 14 ’24. The Director now owns 39,182 shares after completing the transaction at $24.44 per share. On May 14 ’24, another insider, DERSE NATALIE MARIE, who serves as the CFO of the company, sold 169,535 shares for $24.31 each. As a result, the insider received 4,121,396 and left with 333,668 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GEN now has a Market Capitalization of 14877229056 and an Enterprise Value of 22686226432. As of this moment, Gen’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.78, and their Forward P/E ratio for the next fiscal year is 9.69. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.90 while its Price-to-Book (P/B) ratio in mrq is 6.74. Its current Enterprise Value per Revenue stands at 5.951 whereas that against EBITDA is 12.767.

Stock Price History:

The Beta on a monthly basis for GEN is 0.74, which has changed by 0.34161496 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, GEN has reached a high of $25.61, while it has fallen to a 52-week low of $16.38. The 50-Day Moving Average of the stock is 4.36%, while the 200-Day Moving Average is calculated to be 11.70%.

Shares Statistics:

Over the past 3-months, GEN traded about 4.76M shares per day on average, while over the past 10 days, GEN traded about 5002090 shares per day. A total of 623.00M shares are outstanding, with a floating share count of 567.95M. Insiders hold about 9.29% of the company’s shares, while institutions hold 84.43% stake in the company. Shares short for GEN as of 1715731200 were 19954793 with a Short Ratio of 3.87, compared to 1713139200 on 17040644. Therefore, it implies a Short% of Shares Outstanding of 19954793 and a Short% of Float of 4.1300002000000005.

Dividends & Splits

GEN’s forward annual dividend rate is 0.50, up from 0.5 a year ago. Against a Trailing Annual Dividend Yield of 0.02122241The stock’s 5-year Average Dividend Yield is 2.13. The current Payout Ratio is 52.11% for GEN, which recently paid a dividend on 2024-02-15 with an ex-dividend date of 1715904000. Stock splits for the company last occurred on 2004-12-01 when the company split stock in a 2:1 ratio.

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